Eventbrite’s (EB) Buy Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of Eventbrite (NYSE:EB) in a report issued on Wednesday morning,Benzinga reports. They currently have a $7.00 price objective on the stock.

A number of other equities analysts have also weighed in on EB. Truist Financial lowered shares of Eventbrite from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. B. Riley dropped their target price on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a report on Friday, August 9th. Piper Sandler cut Eventbrite from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $9.00 to $4.00 in a report on Friday, August 9th. Finally, KeyCorp lowered Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.58.

Eventbrite Stock Down 6.9 %

Shares of EB stock opened at $3.50 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The stock has a market cap of $336.35 million, a P/E ratio of -38.89 and a beta of 2.29. Eventbrite has a 12 month low of $2.51 and a 12 month high of $9.20. The company has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $4.03.

Insider Activity

In other news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the sale, the chief financial officer now directly owns 628,152 shares in the company, valued at approximately $1,903,300.56. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Vivek Sagi sold 75,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $3.44, for a total value of $258,000.00. Following the completion of the transaction, the chief technology officer now owns 495,464 shares of the company’s stock, valued at $1,704,396.16. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.46% of the company’s stock.

Institutional Investors Weigh In On Eventbrite

A number of large investors have recently bought and sold shares of EB. Nantahala Capital Management LLC purchased a new stake in shares of Eventbrite in the second quarter worth about $7,744,000. Acadian Asset Management LLC lifted its holdings in Eventbrite by 125.9% in the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock valued at $9,573,000 after acquiring an additional 1,102,809 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Eventbrite by 674.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 974,327 shares of the company’s stock worth $5,339,000 after purchasing an additional 848,461 shares in the last quarter. Whetstone Capital Advisors LLC grew its stake in shares of Eventbrite by 74.6% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after purchasing an additional 612,173 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Eventbrite during the 3rd quarter valued at approximately $756,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Company Profile

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.